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Apple is committing $ 430 billion in US investment for five years

Cupertino, California Apple today announced an acceleration of its investments in the United States, with plans to make new contributions of more than $ 430 billion and add 20,000 new jobs nationwide over the next five years. Over the past three years, Apple’s contributions to the United States have significantly exceeded the company’s initial five-year goal of $ 350 billion set in 2018. Apple now raises its commitment level by 20 percent. over the next five years, supporting American innovation and driving economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation in nine American states.

“In this time of recovery and rebuilding, Apple is doubling our commitment to U.S. innovation and manufacturing with a generational investment that reaches communities across all 50 states,” said Tim Cook, Apple CEO . “We create jobs in cutting-edge fields – from 5G to silicon engineering to artificial intelligence – by investing in the next generation of innovative new companies, and throughout our work, building for a greener and more equitable future.”

Today, Apple supports more than 2.7 million jobs nationwide through direct jobs, spending with U.S. suppliers and manufacturers, and developer jobs in the booming iOS app economy. Apple is the largest taxpayer in the United States and has paid nearly $ 45 billion in corporate national taxes over the last five years alone.

Apple’s $ 430 billion contributions to the U.S. economy include direct spending with U.S. suppliers, investments in data centers, U.S. capital spending and other national spending – including dozens of Apple TV productions. + in 20 states, creating thousands of jobs and supporting the creative industry.

Establish a New North Carolina Campus

As part of its investments and expansion, Apple plans to invest more than $ 1 billion in North Carolina and begin construction of a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering and other cutting-edge fields.

Apple will also set up a $ 100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and contribute more than $ 110 million in infrastructure costs to students. 80 North Carolina counties with the greatest need – funds going to broadband, roads and bridges, and public schools. When operational, Apple’s investments are expected to generate more than $ 1.5 billion in annual economic benefits for North Carolina.


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